Much Ado About Nothing?
So basically if you bought the SPY on January1, 2011 and held it through the year you would have made about a 5.5% profit. So all that churning, all that "double dip is coming", all that Europe will sink us warnings in the end made or broke traders. You could have listened to ESPN instead. You could have watched sporting events or soap operas. You could have simply ignored all the pundits and commentaries. And in the end by doing basically nothing but holding and ignoring you crushed anything you would have gotten from a bank.